HR 4388 · 101th Congress · Agriculture and Food
To establish price support programs for the 1991 through 1995 crops of cotton, rice, and sugar.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Subcommittee Consideration and Mark-up Session Held.(1990-05-01)
Plain Language Summary
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Title I: Cotton - Amends the Agricultural Act of 1949 to set forth price support provisions for the 1991 through 1995 crops of upland cotton. Establishes the target price at $.729 per pound, with adjustment authority based on production cost increases. Provides for ten-month market-based loans, with an eight-month extension if average prices do not exceed specified levels. Provides for: (1) a marketing loan program based on adjusted world market prices, including a market certificate program; and (2) the imposition of a special limited global import quota when the U.S. upland cotton price exceeds the "Northern Europe" price. Provides for deficiency payments calculated on a calendar year basis. Provides for an acreage limitation program that will provide for specified carryover cotton stocks. Authorizes a uniform acreage reduction of up to 25 percent. Sets forth conservation use provisions. Authorizes disaster payments and reduced yield disaster payments under specified conditions. Provides for a paid land diversion program if projected carryovers exceed specified limits. States that cross-compliance shall not apply to such crops. Extends specified provisions of the extra long stapl…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (14)
8 Democrats6 Republicans